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What is the approximate inventory on february 10 2012 -

A fire destroys all of the merchandise of Assante Company on February 10, 2012. Presented below is information compiled up to the date of the fire.

Inventory, January 1, 2012	$ 400,000
Sales to February 10, 2012	1,950,000
Purchases to February 10, 2012	1,140,000
Freight-in to February 10, 2012	60,000
Rate of gross profit on selling price	40%

What is the approximate inventory on February 10, 2012?

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